Uber plans IPO valuation as high as $90 billion: reports

MikeMurphy

Editor

Uber Technologies Inc. will price its highly anticipated initial public offering at between $44 and $50 a share, according to multiple reports late Thursday, valuing the company at between $80 billion and $90 billion. Reuters, Bloomberg News and the New York Times all independently reported the figures, which the ride-hailing company is expected to make official with an announcement Friday to kick off its investor road show. The Wall Street Journal reported that Friday's filing will also reveal a $500 million investment from PayPal Holdings Inc.
PYPL, -0.05%
. While some investment bankers had said Uber could be valued at $120 billion, the figure for the IPO will apparently be closer to the $76 billion it was privately valued at for a fund-raising round last year. It is still on track to be the largest IPO since Alibaba went public in 2014. Uber is expected to list shares on the New York Stock Exchange in May under the ticker symbol UBER.

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